Date
Details
Price
Change
Source
5/26/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$550,000 Just Listed
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Property Description
Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.
Full Property Details
Full Property Details for 6429 S Kennedy Ave #31
General
- Price: $550,000
- Taxes: $5,264 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 839380
- Updated: Today (5/26/2026)
- Added to Site: Today
Interior
- Interior Features: Eat-in Kitchen, Kitchen Island, Granite Counters
- Appliances: None
Exterior
- Exterior Features: None
Parking
- Parking Features: Attached, Additional Parking, On Street, Off Street
Location
- County: Lake
- Township: North
- Subdivision: Turner-Meyn Park
- Driving Directions: From Indianapolis Blvd take east on 165th, turn left onto Kennedy, building is on the corner of Kennedy and Cleveland.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 7,952
- Year Built: 1952
Lot Features
- Lot Size (Acres): 0.132
- Lot Size (Sq. Ft.): 5,750
- Lot Features: Corner Lot, Paved
- Zoning: Mixed Use
Financial Considerations
- Tax Amount: $5,264
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: TURNER MEYN PARK L.1 BL.7
- Property ID: 450704455001000023
Listed by Brokerworks Group
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Listing agents
— 6429 S Kennedy Ave #31 —
Brokerworks Group
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NMLS#: 1598647
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Schools
Schools serving 6429 S Kennedy Ave #31
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Morton Elementary School, Hammond, IN 7006 Marshall Avenue, Hammond, IN 46323 | PK-5 | 0.8 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 1.5 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6429 S Kennedy Ave #31
Estimate the Cost
Estimate the Cost for 6429 S Kennedy Ave #31
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- Lots/Land
- Active
- Updated 5 days ago
- 0.38Acres
Listed by Weichert Realtors - Shoreline
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- 4Total Baths
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- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,414Sq. Ft.
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- Active
- Updated 6 days ago
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- Updated 22 hours ago
- 4Beds
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- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
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Listed by Paradigm Realty Solutions, LLC
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- Single Family
- Closed
- 4Beds
- 3Total Baths
- 2,168Sq. Ft.
Listed by BVG Realty, LLC
Sold by MTM Realty Group
Sold by MTM Realty Group
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,466Sq. Ft.
Listed by McColly Real Estate
Sold by Trueblood Real Estate, LLC
Sold by Trueblood Real Estate, LLC
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 4,156Sq. Ft.
Listed by Springer Real Estate Company
Sold by Realty Executives Premier
Sold by Realty Executives Premier
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,556Sq. Ft.
Listed by @properties/Christie's Intl RE
Sold by Redfin
Sold by Redfin
6429 S Kennedy Avenue #31, Hammond, IN 46323 (MLS# 839380) is a Commercial property. 6429 S Kennedy Avenue #31 is currently listed for $550,000 and was received on May 26, 2026. Want to learn more about 6429 S Kennedy Avenue #31? Do you have questions about finding other Commercial real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.